The cryptocurrency market continues to show bullish trends, with Ethereum and Dogecoin in the spotlight for investors.
Ethereum Maintains Positive Momentum
The cryptocurrency market is showing confident growth, with Ethereum (ETH) gaining 9% in one day and approaching the $3,450 mark.
Comparing DOGE and BONK: New Prospects
Dogecoin (DOGE) has surged 7% today and 17% weekly. Analysis of the charts reveals a familiar bullish fractal pattern resembling the one seen in Bonk (BONK). DOGE has already broken through its downtrend line and confidently reclaimed the 100-day moving average. The next key resistance level is the 200-day moving average near $0.2208. Despite the possibility of consolidation, the fractal structure indicates a potentially significant breakout for DOGE.
Future of DOGE: Possible Scenarios
If DOGE can decisively close above the 200-day moving average with strong volume, it may pave the way towards a resistance level at $0.4350, indicating over 100% potential growth from current prices. However, confirmation is crucial, and until DOGE clears that final hurdle, sideways movement remains a possibility.
Current trends in the cryptocurrency market reveal significant potential for further growth in both Ethereum and Dogecoin, attracting investors' attention.
